JULY 21st: The deal is official, the team announced via press release.
JULY 18th: The Nuggets will re-sign Mike Miller to a two-year deal, Marc Stein of ESPN.com reports (Twitter link). Miller will receive more than $5MM over the length of the deal, according to Shams Charania of The Vertical (Twitter link).
Miller played sparingly for the Nuggets last season, seeing 7.9 minutes per game over 47 contests. He shot just 35.5% from behind the arc, down from his career mark of 40.7%.
The Nuggets entered the day with 17 players under contract, as the team’s depth chart at Roster Resource indicates. Juan Hernangomez and Petr Cornelie are included on that list, although both are expected to play overseas next season. Miller will likely make the team and play sparingly again, while serving as a veteran mentor for the franchise’s young talent.